Gold is a sucker bet. It's like buying gasoline, due to price fluctuations, and hoping to on demand swings. A real investment won't behave like any commodity.

Think about it this way: Gold is worth what someone else will pay for it; nothing more and nothing less. Its price is an indicator of market fear only.

Yet, a biomedical company can come up with a cure for cancer and be worth 100X more in one day. That would never happen with gold.

Or a computer maker can come up with a new design - Apple, anyone? - and be worth 50 times more in three years. That would never happen with gold.

Or a company can come up with a new way to do blood tests, and become a billion dollar company in three months. Theranos, anyone?

Gold is a rock. It's worth whatever anyone else is willing to pay for a rock, and will NEVER double overnight.

It's a sucker bet.

Tue Apr 28, 2015 6:10 pm

edward222Contributing Member

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But you can just keep that gold of yours and sell it to big companies
It's your choice what investment you really want,
well theres no easy money after all, it will took you a lot of years to get that ROI
in any investment

Thu Apr 30, 2015 2:44 am

27RocksContributing Member

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Re:Gold prices recover from five-week lows

Ohh yeah the gold is back on the track, well this is the best thing about the gold it is one most loved and admired metal even from ancient times it can never stay low for very long.

Tue May 12, 2015 11:46 am

bourseindiaMember

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Today 56% users are recommended to buy gold.

Mon Jun 22, 2015 6:29 am

WinoSenior Member

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Location: Dubai

Gold is only up if you compare it to three weeks ago. Compare it to anywhere in the two years previously, and it's in the dumps.

Buy a rock. Watch it sink.

It's still a sucker bet. Keep touting your shiny rocks. No one's buying (which is why the price is in the dumps).

Mon Jun 22, 2015 11:48 am

CapitalboostersNew Member

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Location: India

56% of users recommend buying Gold.

Mon Jul 06, 2015 10:39 am

27RocksContributing Member

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Location: New york city

Recently due to eid festival some of the local markets are closed and thus Gold price is dropped some points but in near future as soon as the markets will resume the prices will again raise and thus it is a perfect time to buy gold.

Fri Jul 17, 2015 4:16 pm

oldguySenior Member

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quote: and thus it is a perfect time to buy gold.

When gold peaked at about $850 in 1980, the Dow was roughly the same, about 1000.
Now, 35 years later, gold is $1150 - and the Dow is 18,000. Plus the Dow earned about 2.5%/yr in Dividend for 35 yrs.

I'm awfully glad that I didn't listen to the goldbugs in 1980 - and there were dozens of them -Jim Dines, Howard Ruff, yada - everyone had a gold book. It seems that weak Presidents bring out the goldbugs - Jimmy Carter then and Obama now.
So you can expect a big diversion in 2016, an up-bump if Hillary wins or a down-thump if Walker wins.

Fri Jul 17, 2015 7:06 pm

Offshore-Wealth.comSenior Member

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Location: FREEDOMLAND

I have been into gold since the mid 80's, and I saw gold top out about $650. and I bought most in 2000 when it dropped to under $300. , but gold unlike the manipulated stock market will not drop like a rock on a panic sell off, so to each their own, long term, I sleep better with gold and silver holdings. I got hit in 87 stock market crash, so that is why I went with gold from that point forward. Go with rare coins is best bet.

Didn't we all, lol. But the people who lost were the ones who stampeded. The ones who stayed, did very well. Remember, the numbers were in the Dow2700 range. Those same stocks are sitting at Dow18,000 today.

Fri Jul 17, 2015 11:49 pm

christcorpPreferred Member

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You shouldn't consider gold and silver as an investment. That's not what it is. If you buy it as an investment, especially the make believe gold and silve such as ETF's and other paper stocks and such, then you're not going to MAKE much money. But again, gold and silver aren't investments. They are MONEY. They happen to be the only real money. If on the other hand you have part of your portfolio in gold and silver, PHYSICAL, that you can hold, as a means of preserving wealth, then that is a very smart thing to do.

Having gold and silver to protect against inflation, as insurance, is a great thing. It keeps up with inflation. What an ounce of gold or silve can buy today is pretty close to what it's always been able to buy. Money in a bank is useless. It will dissapear with inflation. Plus, the dollar and most currencies are not to be trusted because it's only paper and not backed by anything. Except the "Good faith" of the government. Sorry, but I don't trust that too much. Gold and silver may not make me 5-10% each year, but I'm not worried about $100 worth of silver not being able to buy the same equal amount of goods 10 years from now either.

Do I have stocks and mutual funds? Yes. But I'm not naive enough to believe that I'm going to average 10% on them either. When numbers like 10% average returns are thrown out there, that's over a very long time period. Even over the last 10-15 years, the returns aren't as good. But if you have 50 years to invest, then a 10% return can be expected. The current Dow, S&P, and others are too high compared to where they should be when compared to the economy and jobs. There will be another correction or crash soon. Worse than 2008. Many of us will ride through that ok. Just like we did in 2008. But when inflation or hyperinflation happens, those with gold and silver will do better. We won't be cashing in or 401k, refinancing our homes, depleting our savings, etc. to make ends meet.

We buy insurance for our house, cars, health, and life. Gold and silver are insurance against inflation and economic down turn. The difference with this type of insurance is that you'll NEVER lose your premiums or principal. The gold and silver will always be real money and if you don't need it as insurance, it will still be worth in value of purchasing, what it was when you bought it. Of course, if you buy it hoping to flip it in a matter of days or weeks to make a profit like you do stocks, then your treating it like an investment, and you'll probably do poorly. Again, gold and silver are not investments. Buying any paper version is an investment and a very bad idea. But no matter how much the central banks and government manipulate it to try and protect their fiat currency, eventually, gold and silver, the physical, will win out. Just like it has for thousands of years. That why so many countries are increasing their stockpile of gold and silver. If you don't have 10-15% of your worth in gold and silver, then you are at the mercy of a manipulated false economy and at the mercy of inflation.